Tue: Bezeq leads market losses

Bezeq fell heavily after Shaul Elovitz sold a stake in the telco and First International Bank fell again after Discount Bank sold its stake.

The Tel Aviv Stock Exchange (TASE) fell today. The Tel Aviv 25 Index fell 0.89% to 1,457.40 points, the Tel Aviv 100 Index fell 0.75%, to 1,253.01 points but the BlueTech Index rose 0.09% to 298.43 points. The TelBond 20 corporate bond index fell 0.09% to 309.76 points. Turnover totaled NIS 1.43 billion.

On the foreign exchange market, the Bank of Israel set the shekel-dollar representative rate unchanged from yesterday's rate at NIS 3.955/$, and the representative shekel-euro rate up 0.463% at NIS 4.317/€.

On the market, Bezeq Israeli Telecommunication Co. Ltd. (TASE: BEZQ) fell 6% for the biggest fall on the Tel Aviv 25 Index on the day's largest trading turnover after controlling shareholder Shaul Elovitz sold some of his stake in the company. Gazit-Globe Ltd. (NYSE: GZT; TASE: GZT; TSX: GZT) fell 3.73% and Azrieli Group Ltd. (TASE: AZRG) fell 3.18%.

Israel Chemicals (TASE: ICL: NYSE: ICL) fell 2.56% and parent company Israel Corporation (TASE: ILCO) fell 3.10%. Delek Group Ltd. (TASE: DLEKG) fell 3.10% and its energy exploration and production units Avner Oil and Gas LP (TASE: AVNR.L) and Delek Drilling LP (TASE: DEDR.L) fell 2.13% and 2.34% respectively.

First International Bank of Israel (TASE: FTIN) fell another 2.90%, after Israel Discount Bank (TASE: DSCT) sold its stake. Discount Bank fell 2.34%.

NICE Systems Ltd. (Nasdaq: NICE; TASE: NICE) rose 2.89% for the biggest rise on the Tel Aviv 25 Index. Frutarom Industries Ltd. (TASE: FRUT; LSE:FRUT; OTCBB:FRUTF) rose 2.31% and Mylan N.V. (Nasdaq: MYL; TASE: MYL) rose 2.17%.

Published by Globes [online], Israel business news - www.globes-online.com - on February 2, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

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